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Oil inches up as supplies worries offset negative economic data
Last Updated(Beijing Time):2012-02-23 09:06

U.S. crude oil price inched up on Wednesday as supplies worries caused by intensified Iran tension offset negative economic data in Europe and China.

Light, sweet crude for April delivery gained three cents to settle at 106.28 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude rose and last traded around 123 dollars a barrel.

Source:Xinhua 
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